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Can Infosys say no to Satyam's clients?
By Pradeep Shankar | Monday, 16 February 2009, 02:12 Hrs |
67 Comments
In a recent interview to CNBC, NR Narayana Murthy was heard saying that few financial institutions in the U.S were concerned about their investments in India and hence had called on him [Mr. Murthy] to understand the current situation. He further clarified, "They called me not because I was Chairman of Infosys, but they saw me as an 'industry figure'."
The question now many on the street are asking is can the 'industry figure' make sure that his company does not impinge on the opportunity for Satyam employees.
Infosys probably does not want to hurt Satyam by luring its employees. But anyone would know if Infosys doesn't hire, the employees will still look for jobs elsewhere. So Infosys is not helping Satyam in anyway. They are only penalizing Satyamites.
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Reader's comments(67)
1:
If Mr.Murthy's intensions were good he should have put it in better words and a better way. It looks like Infosys needs to have personality development trainings and communication skills training conducted so that people are more professional when they present themselves before the world. If Murthy is an idol to people, there could be thousands of people who will hang on media and make stupid statements.
If Infosyians are defending their company its for sure that they have a sense of ownership towards the company for having put of some years of service. It would be the same feeling even for satyamites. So be watchful of your words and observe your behaviour dear infosyians. Will pray that let not the same day come to you all. Dont worry even if it comes. Satyamites will pacify you.
Murthy is now aged and he should take rest. He is definitely a good businessman in terms of getting free publicity. But if this attitude or behaviour is known by foreign companies we might have to think about what infosys will get.
If Infosyians are defending their company its for sure that they have a sense of ownership towards the company for having put of some years of service. It would be the same feeling even for satyamites. So be watchful of your words and observe your behaviour dear infosyians. Will pray that let not the same day come to you all. Dont worry even if it comes. Satyamites will pacify you.
Murthy is now aged and he should take rest. He is definitely a good businessman in terms of getting free publicity. But if this attitude or behaviour is known by foreign companies we might have to think about what infosys will get.
Posted by:Truemight
- 26 Jan, 2009
2:
Is it possible for you to please avoid coming and showing your heads in the media and talk as if you know everything? Ramadurai or Premji has been so silentso far. Dont be hungry for publicity. You are not GOD or OBAMA or SRK no one wants to watch you on tv.
Posted by:neha
- 15 Jan, 2009
3:
It is really a very irresponsible statement from Mr.Murthy, being a mentor and knowing the dynamics of an IT company for many years. It is very unfair to hold employees responsible for the financial fraud that has happened.Every one knows the fact that apart from a few top-level managers others will not have the slightest clue of what is happening in CEO level.
If Infy doesn't want Satyamitees, it may well do so, but stop passing such mundane comments.
If Infy doesn't want Satyamitees, it may well do so, but stop passing such mundane comments.
Posted by:Insider
- 14 Jan, 2009
4:
Mr Bikash Kumar Das,
Infosys will not fall. We are built on a sound foundation and not on corrupt practices followed by Ramalinga Raju
Infosys will not fall. We are built on a sound foundation and not on corrupt practices followed by Ramalinga Raju
Posted by:True Infoscion
- 13 Jan, 2009
5:
Mr Narayanamurthy is more happy in fact at the fall of Satyam.Satyam was the bigg oponent to infosys.Hence he is making more statement and now he is lone in the money gains.Soon one fine day Infosys will also fell.... lot are to come up the inside corruptions.Then all of them will die of sudden heart attack.
Posted by:Bikash Kumar Das
- 13 Jan, 2009
6:
Mr. Naryanamurthy and his team own only 16.50% in Infosys and he is still calling the shots. Is this his personal veiw or Infosys as an organisation where non-promoter holding is 83.50%. The entire top managment and the Board is packed only with men of promoters choice in all the Indian Corporates and also the auditors. Hence, unless some one is caught or confess (like raju) no one knows the truth and we get carried away by the projections about people given by the media and press.
Posted by:vasudevan raghavan
- 12 Jan, 2009
7:
Ramalinga Raju’s deeds are now casting a shadow on Satyam. His confessions sure created history in India’s corporate history. And what more could media ask for? After all financial media rarely gets this kind of attention. They sure found a classic testimony to prove their might in all this. But what got lost in all this is the fate of the 50,000 employees who are more than just ‘interested’ in the fiasco.
In these moments of crisis, who better for media to talk to than the doyen of Indian IT - N.R.Narayana Murthy. His thoughts are considered wisdom by many and rightly so. I think he offered some good way-forward to secure the reputation of Indian inc in the eyes of the world.
But his words that “Infosys will not touch a tainted company like Satyam†are rather unfortunate and unbecoming of his understanding of business and entrepreneurship. Raju has committed a culpable crime that deserves punishment, per the law of the lands, India and US. But Satyam cannot be attributed with Raju’s crimes, now that he has owned up to the crimes and submitted himself to probe.
Mr.Narayana Murthy, it’ll help your ‘respectability’ to know that calling Satyam ‘a tainted company’ tantamounts to belittling and chiding its employees. It goes without saying that Satyam’s employees have nothing to do with Raju’s indulgences. Raju himself confessed that his deeds are tainted and not Satyam’s, the company.
Narayana Murthy’s comment can only be termed subterfuge in nature that speaks bad not only for employees’ careers, but also for Narayana Murthy’s belligerent behaviour in these times of uncertainty. Mr.Murthy will also remember Phaneesh Murthy’s embarassing exit from Infosys. But no one called every Infoscion the same. So, please refrain.
In these moments of crisis, who better for media to talk to than the doyen of Indian IT - N.R.Narayana Murthy. His thoughts are considered wisdom by many and rightly so. I think he offered some good way-forward to secure the reputation of Indian inc in the eyes of the world.
But his words that “Infosys will not touch a tainted company like Satyam†are rather unfortunate and unbecoming of his understanding of business and entrepreneurship. Raju has committed a culpable crime that deserves punishment, per the law of the lands, India and US. But Satyam cannot be attributed with Raju’s crimes, now that he has owned up to the crimes and submitted himself to probe.
Mr.Narayana Murthy, it’ll help your ‘respectability’ to know that calling Satyam ‘a tainted company’ tantamounts to belittling and chiding its employees. It goes without saying that Satyam’s employees have nothing to do with Raju’s indulgences. Raju himself confessed that his deeds are tainted and not Satyam’s, the company.
Narayana Murthy’s comment can only be termed subterfuge in nature that speaks bad not only for employees’ careers, but also for Narayana Murthy’s belligerent behaviour in these times of uncertainty. Mr.Murthy will also remember Phaneesh Murthy’s embarassing exit from Infosys. But no one called every Infoscion the same. So, please refrain.
Posted by:Vijaya
- 12 Jan, 2009
8:
Infosys in such a good position, was to think to do such foolish comment's
on satyam's and behalf of there people. it's nothing but shame on their
part. I think so { It was an political game beyond CORPORATE }
on satyam's and behalf of there people. it's nothing but shame on their
part. I think so { It was an political game beyond CORPORATE }
Posted by:Chaitanya Reddy
- 11 Jan, 2009
9:
Infosys Management should avoid giving such kind of immature and irresponsible statements
Posted by:Anamika Singh
- 11 Jan, 2009
10:
i agree with Pradeep shankars words, it is not fair on Infosys Mohandas Pai to take such unmatured decision by penalising employees for managements mistake.Talented people from satyam should be recognized and should be given an oppurtunity to prove themselves.
Posted by:Renil Rajan
- 11 Jan, 2009
11:
As we all are aware that the company has been under serious turbulence by the series of events that have unfolded over last 8 days.
The company and it bold work force (SATYAMITES) are trying get to back to business and reinstate clear strategic direction with the help of government intervention.
When the whole world and Satyam clients expressing solidarity to the new management ,Investors and Satyamites.Its unfortunate so called “Mentor†and IT Industry Veteran N R Narayana Murthy and Infosys are back to their knee-jerk opportunistic business.
“We will not touch such a tainted company,†says Infosys founder and non-executive chairman N R Narayana Murthy which was later manipulated to “We have asked our recruitment staff not to poach anybody from Satyam as the company is in the middle of a crisis and people will jump ship,†by TV Mohandas Pai, HR head of Infosys after serious public criticism and Satyamites .
When the all the IT bigwigs like TCS, HCL and Wipro keeping their calm are refusing to comment on Satyam’s events with media .Infosys is over enthusiastic and becoming media frenzy with their late night gossip to leverage the situation.
I am amazed how Mr.Murthy & Pai has adapted “Selective Amnesia†to whats happening in their yard before they point fingers on others. Lets have a retro…..
We never called Infosians as “Molesting Scums†after we witness Phaneesh Murthy, former Infosys director and worldwide sales head and NRMR very own nephew has faced sexual harassment charges against Infosys former American employee Reka Maximovitch. Neither NM nor his HR team came out with any press conference and maintained tight lipped and finally had a sneaky $3 million out-of-court settlement to drop the sexual harassment charges against director Phaneesh Murthy who later faced similar allegation with ex-Infosys employee Jennifer Griffith
We never tagged Mr.NM as an “Ex-convict†even when he was arrested in Bulgaria on espionage charges (Spying) and spent over 56 hours in jail during 1970’s
We never called you “Traitor†when Mr.NM was facing charges for disrespecting our national dignity by calling our national anthem as “embarrassment†before foreigners and played an in instrumental version of national anthem which hurt the feelings of millions of Indian.
We never called you a “Land mongerâ€for procuring 100’s of acres of STP and SEZ lands for the past 15 years. Benefiting tax exemption in assurance to provide over 20,000 exclusive employment opportunity to B’loreins which was later failed to be kept.
I think its time to stop passing deplorable statements for filling in the media thirst, its time to act like a responsible citizen and become a true competitor
With a 'holier-than-thou' attitude you cannot knock the doors of Satyam's impressive clientele because they know “WE ARE THE BESTâ€
You have failed to show respect to your peer company and for us you will always be “Low ethical competitor†and continue to face fierce competition in every bid you dream* to win. We shall grow stronger everyday , we shall not loose without a fight and can assure the world we shall bounce back to business with in no time.
Mr. Naryanamurthy and Mohan das, You owe an “Unconditional Public Apology†to all Satyamites and Satyam Family
Regards
The company and it bold work force (SATYAMITES) are trying get to back to business and reinstate clear strategic direction with the help of government intervention.
When the whole world and Satyam clients expressing solidarity to the new management ,Investors and Satyamites.Its unfortunate so called “Mentor†and IT Industry Veteran N R Narayana Murthy and Infosys are back to their knee-jerk opportunistic business.
“We will not touch such a tainted company,†says Infosys founder and non-executive chairman N R Narayana Murthy which was later manipulated to “We have asked our recruitment staff not to poach anybody from Satyam as the company is in the middle of a crisis and people will jump ship,†by TV Mohandas Pai, HR head of Infosys after serious public criticism and Satyamites .
When the all the IT bigwigs like TCS, HCL and Wipro keeping their calm are refusing to comment on Satyam’s events with media .Infosys is over enthusiastic and becoming media frenzy with their late night gossip to leverage the situation.
I am amazed how Mr.Murthy & Pai has adapted “Selective Amnesia†to whats happening in their yard before they point fingers on others. Lets have a retro…..
We never called Infosians as “Molesting Scums†after we witness Phaneesh Murthy, former Infosys director and worldwide sales head and NRMR very own nephew has faced sexual harassment charges against Infosys former American employee Reka Maximovitch. Neither NM nor his HR team came out with any press conference and maintained tight lipped and finally had a sneaky $3 million out-of-court settlement to drop the sexual harassment charges against director Phaneesh Murthy who later faced similar allegation with ex-Infosys employee Jennifer Griffith
We never tagged Mr.NM as an “Ex-convict†even when he was arrested in Bulgaria on espionage charges (Spying) and spent over 56 hours in jail during 1970’s
We never called you “Traitor†when Mr.NM was facing charges for disrespecting our national dignity by calling our national anthem as “embarrassment†before foreigners and played an in instrumental version of national anthem which hurt the feelings of millions of Indian.
We never called you a “Land mongerâ€for procuring 100’s of acres of STP and SEZ lands for the past 15 years. Benefiting tax exemption in assurance to provide over 20,000 exclusive employment opportunity to B’loreins which was later failed to be kept.
I think its time to stop passing deplorable statements for filling in the media thirst, its time to act like a responsible citizen and become a true competitor
With a 'holier-than-thou' attitude you cannot knock the doors of Satyam's impressive clientele because they know “WE ARE THE BESTâ€
You have failed to show respect to your peer company and for us you will always be “Low ethical competitor†and continue to face fierce competition in every bid you dream* to win. We shall grow stronger everyday , we shall not loose without a fight and can assure the world we shall bounce back to business with in no time.
Mr. Naryanamurthy and Mohan das, You owe an “Unconditional Public Apology†to all Satyamites and Satyam Family
Regards
Posted by:Venkat
- 11 Jan, 2009
12:
After Mr. Murthy's remark on Satyam employees, I am sure lot of IT professionals will refrain from joining Infosys because it is a value-less company.
Posted by:asb
- 11 Jan, 2009
13:
I am sad to say that Mr Moorthy is no more an icon for me..
Posted by:It\'s business..
- 11 Jan, 2009
14:
Dear Readers,
Looks like the words are thrown in anger from respectful readers of this article and the author had tactfully diverted the point made by Mr Murthy or Mr Pai.
The whole idea of this statement is to bring back the honor and the dynamics back to India, if the is slowly evaporating.
Think of the immediate consequences: If 25000 employees jumping out because of the opportunity, what will happen to the commitment made to the world clients by an INDIAN. Will this not hammer the trust for the Indian IT brain? Already the European and US clients are well aware of what we are worth for and how long one can squeeze Indian IT coolies. If it happens that one IT Indian co goes for a toss, will not that client demand further for rate reduction...
Think, think of the consequences before you shout..
Let us stand united and never miss the opportunity.....
Jai Hind.
Looks like the words are thrown in anger from respectful readers of this article and the author had tactfully diverted the point made by Mr Murthy or Mr Pai.
The whole idea of this statement is to bring back the honor and the dynamics back to India, if the is slowly evaporating.
Think of the immediate consequences: If 25000 employees jumping out because of the opportunity, what will happen to the commitment made to the world clients by an INDIAN. Will this not hammer the trust for the Indian IT brain? Already the European and US clients are well aware of what we are worth for and how long one can squeeze Indian IT coolies. If it happens that one IT Indian co goes for a toss, will not that client demand further for rate reduction...
Think, think of the consequences before you shout..
Let us stand united and never miss the opportunity.....
Jai Hind.
Posted by:S. Rajasekharan
- 11 Jan, 2009
15:
Satyam has been discreditted . Does it mean all the Major ones like Infy,HCL,Patni are clean . SEBI should put strict regulations as it affects the IT industry and job market
Posted by:Venkat
- 11 Jan, 2009
16:
As a Big person ( in IT field )Mr.Moorthy i never expect such a statement from you.Now its the time you have to give ur full support as a same filed person or atleast an Indian.
It not the mistake of Employes , what they have done .So from ur statement one thing is proved that if the management is bad also the employes will be bad, so from ur speech its clearly states that u r a guy to show ur madness on this bad time so the peoples of info also like u .If this is ur comment if the same will happens for u then who will support your people .Nobody will hire ur people ( so it will affect ur employes also).
I know a little thing only about IT field.As i know people who r working in IT r getting salary like anything .
I donot know how many peoole saved thier money in some investments.So here after people pl donot spend money on waste things pl try to keep always money.
It not the mistake of Employes , what they have done .So from ur statement one thing is proved that if the management is bad also the employes will be bad, so from ur speech its clearly states that u r a guy to show ur madness on this bad time so the peoples of info also like u .If this is ur comment if the same will happens for u then who will support your people .Nobody will hire ur people ( so it will affect ur employes also).
I know a little thing only about IT field.As i know people who r working in IT r getting salary like anything .
I donot know how many peoole saved thier money in some investments.So here after people pl donot spend money on waste things pl try to keep always money.
Posted by:Mariappan
- 11 Jan, 2009
17:
The media says that there have been 14000 resumes from Satyam uploaded on Naukri in the last 1 month.
Here are some interesting statistics. Number of resumes of current employees on Naukri.
Satyam - 14795
Infosys - 43805
Wipro - 40173
Cognizant - 21213
TCS - 24267
HCL - 48133
Dont you think Satyam is better off, given the fact that it is going through a crisis?
Hats off to Satyam employees for expressing their loyalty to their clients.
Here are some interesting statistics. Number of resumes of current employees on Naukri.
Satyam - 14795
Infosys - 43805
Wipro - 40173
Cognizant - 21213
TCS - 24267
HCL - 48133
Dont you think Satyam is better off, given the fact that it is going through a crisis?
Hats off to Satyam employees for expressing their loyalty to their clients.
Posted by:critic
- 11 Jan, 2009
18:
To Murthy and Pai,
Is it possible for you to please avoid coming and showing your heads in the media and talk as if you know everything? Ramadurai or Premji has been so silent so far. Dont be hungry for publicity.
And those of you who think Infosys is a very ethical company- i just hope that you are correct as SEBI is doing a peer audit of all 30 index listed stocks, that includes Infosys. And have you audited their balance sheets and checked the cash balance against that of the bank balance?
I am asking this cause when NDTV anchor asked Murthy whether he would allow his books to audited, he didnt give a straight answer last week.
Is it possible for you to please avoid coming and showing your heads in the media and talk as if you know everything? Ramadurai or Premji has been so silent so far. Dont be hungry for publicity.
And those of you who think Infosys is a very ethical company- i just hope that you are correct as SEBI is doing a peer audit of all 30 index listed stocks, that includes Infosys. And have you audited their balance sheets and checked the cash balance against that of the bank balance?
I am asking this cause when NDTV anchor asked Murthy whether he would allow his books to audited, he didnt give a straight answer last week.
Posted by:critic
- 11 Jan, 2009
19:
Mr. Murthy is so enthusiastic to make cheap statements on Satyam. He didnt utter even a word when terrorists struck India so many times. Because he knows that if he does so, they will kick his ass............
Posted by:Suresh
- 11 Jan, 2009
20:
If you guys remember Narayan Murthy was the person known for his statement
“Love your Job, Not the Company.......†but he wants people to practice “ love your company not your job†heights of double standards. “If ones job is at stake, he will definitely look for another “that doesn’t mean he dose not love his company , it is just that he loves job more then his company.
“Love your Job, Not the Company.......†but he wants people to practice “ love your company not your job†heights of double standards. “If ones job is at stake, he will definitely look for another “that doesn’t mean he dose not love his company , it is just that he loves job more then his company.
Posted by:SM Bangalore
- 10 Jan, 2009
21:
This is what happens when you sell your guys for 5$ a Hr. Margin erosion. Today it happened with Satyam and they tried to hide it. Next time it will happen with others. These buggers have eroded the rates so drastically that IT guys sell for less that McDonald's and Walmart workers. That is creating problem for both Indian and West IT professionals. And big guys are making money out of sheer volume. But one day time will come when people will ask these business leaders. "Mr Idiot why did you reduce the high tech billing rates from 100$ to 5$"
Posted by:Mr IT
- 10 Jan, 2009
22:
Krish,
Just to Clariy. EEO is only for non-discrimination against specified groups/types of people. It does not include currently employment company. So EEO does not apply here.
For eg - Accenture can decide never to employ IBM folks because ACN believes their experience and capability fromIBM does not match their requirement and can discount any experience they had in IBM.
Prasad and ALL,
All Infy Mgmt statements basically say. "We are not going to poach employees or customers from Satyam and hasten its demise". Currently (for maybe one to three months) poaching and hiring is not different because of the panic of uncertainity.
Just to Clariy. EEO is only for non-discrimination against specified groups/types of people. It does not include currently employment company. So EEO does not apply here.
For eg - Accenture can decide never to employ IBM folks because ACN believes their experience and capability fromIBM does not match their requirement and can discount any experience they had in IBM.
Prasad and ALL,
All Infy Mgmt statements basically say. "We are not going to poach employees or customers from Satyam and hasten its demise". Currently (for maybe one to three months) poaching and hiring is not different because of the panic of uncertainity.
Posted by:InfyInsider
- 10 Jan, 2009
23:
In US, can they same thing? It should be An Equal Employment Opportunity (EEO).
I am not sure, is there simmilar law in India.
I am not sure, is there simmilar law in India.
Posted by:Krish
- 10 Jan, 2009
24:
I have been of the opinion that Mr. Narayana Murthy is a statesman with high values. He may be a great innovator or creator of wealth. Today it has proved otherwise with his meanness and lowness in every area and what is the of use his creativity when 70% of the rural India is behind? Mr. Raju of course is a crook but his second side is no match to Mr. Narayana Murthy or any Indian Entreprenaur in case of serving rural India.
His social services have touched the poor hearts of rural India who could not afford to treat their children, parents from wide spread diseases. He provided clean water, hosuing and avenues for people to work as volunteers. Mr. Murthy, I am sure you can afford a trip to the rural India to observe the accomplishments and I humbly request you to see and slip your tongue as you like. We have seen rich people donate money like Mr. Murthy but Mr. Raju devoted his time and creativity in coming with good things that crossed across the borders of AP as one India.
Mr. Murthy, My opinion of yours is still the same but please do not make hurting statements against Satyamites as they are all honourable as you were 30 years ago and Let us all devote towards building a greeat India, One India and Incredible India.
His social services have touched the poor hearts of rural India who could not afford to treat their children, parents from wide spread diseases. He provided clean water, hosuing and avenues for people to work as volunteers. Mr. Murthy, I am sure you can afford a trip to the rural India to observe the accomplishments and I humbly request you to see and slip your tongue as you like. We have seen rich people donate money like Mr. Murthy but Mr. Raju devoted his time and creativity in coming with good things that crossed across the borders of AP as one India.
Mr. Murthy, My opinion of yours is still the same but please do not make hurting statements against Satyamites as they are all honourable as you were 30 years ago and Let us all devote towards building a greeat India, One India and Incredible India.
Posted by:Proud Indian
- 10 Jan, 2009
25:
Mr Pradeep,
Firstly, I condemn this article for its biased and baseless views. Moving on, Infosys as a company has proved time and again that it is a value based organization.Further, there is no obligation on Infosys to hire a particular set of people or not. If Infy is trying to avoid Satyam employees for whatsoever reason, they are free to do so. Same applies to poaching business. Every company has to and will take decisions that is best suited to them. Outsiders have no right to question them. Finally, yes Murthy/Pai made such statements only to tell the world that one bad company like Satyam does not mean that the entire Indian IT industry is rouge. Last but not the least: Rather than accepting the hard fact that Satyam was a mismanaged company which has lost its credibility, I don't understand why some people are targeting Infy and its people who have an image as clean as a crystal.
Firstly, I condemn this article for its biased and baseless views. Moving on, Infosys as a company has proved time and again that it is a value based organization.Further, there is no obligation on Infosys to hire a particular set of people or not. If Infy is trying to avoid Satyam employees for whatsoever reason, they are free to do so. Same applies to poaching business. Every company has to and will take decisions that is best suited to them. Outsiders have no right to question them. Finally, yes Murthy/Pai made such statements only to tell the world that one bad company like Satyam does not mean that the entire Indian IT industry is rouge. Last but not the least: Rather than accepting the hard fact that Satyam was a mismanaged company which has lost its credibility, I don't understand why some people are targeting Infy and its people who have an image as clean as a crystal.
Posted by:IT Guy
- 10 Jan, 2009
26:
I feel its in the best interest of SATYAM as a company(53k employees) to retain its employees and come out of this mess. Its a common practice to POACH its strength (May be domain experts, specialized skills ) and de-stabilize at this hour. Though it doesn't want to do the same trick, Infy need not comment at this hour.
Mr Raju & co is a big blow to India IT Inc.If his words are to be believed a 420. How a company can operate with 3% OM?
FYI: Satyam and Infy doesn't have common clients in FS domain.
Once Satyam board is formed I am going to Invest in Satyam
Mr Raju & co is a big blow to India IT Inc.If his words are to be believed a 420. How a company can operate with 3% OM?
FYI: Satyam and Infy doesn't have common clients in FS domain.
Once Satyam board is formed I am going to Invest in Satyam
Posted by:Investor
- 10 Jan, 2009
27:
hi @Pradeep,
As to whether Infosys will say no to Satyam clients.....i dont think they would, if the customer approached them, in writing. There is an internal directive that Sales should not approach Satyam customers and poach business.
I saw this Quote on Businessweek, keen to hear response of readers:
Patni Computer Systems (PTI), an Indian rival, is seizing this sudden opportunity by offering to help Satyam clients transfer operations smoothly to their firm.
"[Satyam clients] are watching the company closely…asking 'What can we do?" says Surjeet Singh, chief operational officer and chief financial officer of Patni. "We're telling them we can put together a business continuity program." Under such plans, Patni would help the client disengage from Satyam and transfer its contract to Patni without interrupting business.
As to whether Infosys will say no to Satyam clients.....i dont think they would, if the customer approached them, in writing. There is an internal directive that Sales should not approach Satyam customers and poach business.
I saw this Quote on Businessweek, keen to hear response of readers:
Patni Computer Systems (PTI), an Indian rival, is seizing this sudden opportunity by offering to help Satyam clients transfer operations smoothly to their firm.
"[Satyam clients] are watching the company closely…asking 'What can we do?" says Surjeet Singh, chief operational officer and chief financial officer of Patni. "We're telling them we can put together a business continuity program." Under such plans, Patni would help the client disengage from Satyam and transfer its contract to Patni without interrupting business.
Posted by:infoscion
- 10 Jan, 2009
28:
Mr Murthy finally thinks that he is the only icon for India.But he is now nothing other than Ford icon car.....one fine day it will go to a garage by the river side.As his age goes on- he is geting crazy.Sad......
Posted by:Bikash Kumar Das
- 10 Jan, 2009
29:
Mr Murthy,How cheap your thoughts are.Is only Infosys an IT company.SATYAM is not built in a day so that it breaks up in a day.Its not that easy to remove the roots of confidence built by satyamites to its customers.How many infys are happy with their jobs,the liberty to express is not there in Infosys and they way you people use freshers for testing and supporting projects is horrible.If SEBI start digging your balance sheets then you people would be on roads.We are still in a very much good position because of our talent and hardwork.53000 SATYAMITES ARE DYNAMITES AND CAN SURVIVE ANY WHERE.We,Satyamites have lot many options and there are lot many companies that recognize these dynamites .
Posted by:harry
- 10 Jan, 2009
30:
@Pradeep
"can the management of Infosys give similar instructions to its sales force not to go after Satyam's clients at this point in time?"
Confirming what Infoscion already posted -- Infosys has already issued a directive to it's sales not to poach any Satyam clients.
"can the management of Infosys give similar instructions to its sales force not to go after Satyam's clients at this point in time?"
Confirming what Infoscion already posted -- Infosys has already issued a directive to it's sales not to poach any Satyam clients.
Posted by:GBR
- 10 Jan, 2009
31:
All, Stop the Hate Letters and Think this thru.
Right now, most companies, Infy, TCS, Wipro, ACN, IBM are going thru a business demand squeeze, they have more people in their company than business forecasted.
So the employees of the Satyam have most to gain
A - IF Satyam survives, along with customer contracts and employees
B - Or if Satyam is bought (along with employees and client business) whole or by units by other companies.
Option A - Is not possible anymore. I know it was a great company with great employees but Raju made sure, it cant survive by itself.
For Option B to be feasible in next 3 months... POACHING ( /Hiring) by other firms needs to not happen. So that Clients, Potential buyers, Satyam Account/Business Units all together can talk, organize, negotiate a transition. Even If more than 10 - 20 percent of teams abandon/get gired/poached, then a unit level business transfer loses value significantly for customers as well as potential buyers.
If widespread, ship-sinking abandonning/poaching/hiring happens, then Option B will not happen for most Satyam Employees.
That will create 10/15 percent of SATYAMites hired into captives / MNCs / other IT firms.. and Rest will have to be jobless for a period and then take jobs less than Option B above.
So the NO POACHING for the next 3 months is a great option for SATYAMITES
Please dont send Hate responses. Its boring. Responses with clear thought and points
Right now, most companies, Infy, TCS, Wipro, ACN, IBM are going thru a business demand squeeze, they have more people in their company than business forecasted.
So the employees of the Satyam have most to gain
A - IF Satyam survives, along with customer contracts and employees
B - Or if Satyam is bought (along with employees and client business) whole or by units by other companies.
Option A - Is not possible anymore. I know it was a great company with great employees but Raju made sure, it cant survive by itself.
For Option B to be feasible in next 3 months... POACHING ( /Hiring) by other firms needs to not happen. So that Clients, Potential buyers, Satyam Account/Business Units all together can talk, organize, negotiate a transition. Even If more than 10 - 20 percent of teams abandon/get gired/poached, then a unit level business transfer loses value significantly for customers as well as potential buyers.
If widespread, ship-sinking abandonning/poaching/hiring happens, then Option B will not happen for most Satyam Employees.
That will create 10/15 percent of SATYAMites hired into captives / MNCs / other IT firms.. and Rest will have to be jobless for a period and then take jobs less than Option B above.
So the NO POACHING for the next 3 months is a great option for SATYAMITES
Please dont send Hate responses. Its boring. Responses with clear thought and points
Posted by:InfyInsider
- 10 Jan, 2009
32:
Mr. Infy, You might forgotten that you were an employee in one of the IT companies. If u want to recruit satyamites, recruit them. Otherwise better to shut your mouth. You have no right to speak such this kind of comments on employees.
Posted by:Infy\'s hater
- 09 Jan, 2009
33:
May Truth Wisdom and a Fair and Meaningful Balance prevail
This opportunity to express comments is to extend our good wishes for a hopeful and meaningful resolution
It is not about seeking to establish ones anger or frustration
It is time for meaningfulness to prevail.
If any words can be expressed they should rightfully reach across to Those Employed at Satyam as well as the Investors and Clientele
Pray and Sincerely Hope that all the maximum best is salvaged and enable reaching of a meaningful resolution that is fair and appropriate for all concerned
It is easy to talk discuss and comment but if one were in the place of Those Employed at Satyam as well as the Investors and Clientele one would think otherwise and respond more meaningfully
This or any other platform is not about seeking to focus solely upon starting debates relating to topics that are not meaningful
If meaningful solutions are available, they might be helpful to help those concerned
But to simply comment and then realize the intensity of the comments is not justified at this critical moment
It is an extremely serious challenge that is being faced by those concerned and what one can do is to express hopeful helpful suggestions - recommendations to help address shape and amend rectify the concerned grievances matters promptly
Sarve Bhavantu Sukhina Sarve Bhavantu Sukhina
May One and All be Happy
May One and All have well-being
May Happiness be showered on all
May One and All be Healthy
O Lord Protect us
O Lord Guide us
O Lord Grant us Wisdom
O Lord Lead us from darkness to Light From ignorance to Knowledge
O Lord May there be Universal Peace Happiness Wisdom Prosperity and Progress
May Truth Wisdom and a Fair and Meaningful Balance prevail
Justice of course will prevail however at this moment it is more meaningful to understand the plight critical situation condition of those concerned and to wish them well please
Those who have not done anything wrongful and are innocent the Employees the Investors the Clientele why should they be made to suffer please
If any one of us were to put ourselves in their condition-situation only then could we be able to understand how and to what extent it feels this type of an extremely shocking and challenging situation
I am not employed neither associated in any way whatsoever and neither endorsing or recommending Satyam
I have not invested I just came across this shocking news and immediately after reading it could only feel an immense loss and difficulty the uncertainty that the concerned People must be feeling
The time now is to think how to be helpful and meaningful and extend our very best professional support and meaningfulness in all we can possibly do to help the concerned ethically in all aspects and respects
I have learned that never just comment or criticize anyone without first understanding what the concerned matter exactly is and then think what one intends to express say before simply expressing ones point of view
Since once words are expressed they cannot be taken back no matter how much one may do
Best Wishes,
Vashi Ram Chandi
This opportunity to express comments is to extend our good wishes for a hopeful and meaningful resolution
It is not about seeking to establish ones anger or frustration
It is time for meaningfulness to prevail.
If any words can be expressed they should rightfully reach across to Those Employed at Satyam as well as the Investors and Clientele
Pray and Sincerely Hope that all the maximum best is salvaged and enable reaching of a meaningful resolution that is fair and appropriate for all concerned
It is easy to talk discuss and comment but if one were in the place of Those Employed at Satyam as well as the Investors and Clientele one would think otherwise and respond more meaningfully
This or any other platform is not about seeking to focus solely upon starting debates relating to topics that are not meaningful
If meaningful solutions are available, they might be helpful to help those concerned
But to simply comment and then realize the intensity of the comments is not justified at this critical moment
It is an extremely serious challenge that is being faced by those concerned and what one can do is to express hopeful helpful suggestions - recommendations to help address shape and amend rectify the concerned grievances matters promptly
Sarve Bhavantu Sukhina Sarve Bhavantu Sukhina
May One and All be Happy
May One and All have well-being
May Happiness be showered on all
May One and All be Healthy
O Lord Protect us
O Lord Guide us
O Lord Grant us Wisdom
O Lord Lead us from darkness to Light From ignorance to Knowledge
O Lord May there be Universal Peace Happiness Wisdom Prosperity and Progress
May Truth Wisdom and a Fair and Meaningful Balance prevail
Justice of course will prevail however at this moment it is more meaningful to understand the plight critical situation condition of those concerned and to wish them well please
Those who have not done anything wrongful and are innocent the Employees the Investors the Clientele why should they be made to suffer please
If any one of us were to put ourselves in their condition-situation only then could we be able to understand how and to what extent it feels this type of an extremely shocking and challenging situation
I am not employed neither associated in any way whatsoever and neither endorsing or recommending Satyam
I have not invested I just came across this shocking news and immediately after reading it could only feel an immense loss and difficulty the uncertainty that the concerned People must be feeling
The time now is to think how to be helpful and meaningful and extend our very best professional support and meaningfulness in all we can possibly do to help the concerned ethically in all aspects and respects
I have learned that never just comment or criticize anyone without first understanding what the concerned matter exactly is and then think what one intends to express say before simply expressing ones point of view
Since once words are expressed they cannot be taken back no matter how much one may do
Best Wishes,
Vashi Ram Chandi
Posted by:Vashi Ram Chandi
- 09 Jan, 2009
34:
Shame on u Mr Murthy for showing such a mean attitude....
What was happened with SATYAM is not because of its employees its all because of higher management body...The employees are still the best...
You are not a god or a ruler of an Indian IT industry to make a such coment...
Think twice before saying anything... it may cause damage to your clean and white collor Image.
What was happened with SATYAM is not because of its employees its all because of higher management body...The employees are still the best...
You are not a god or a ruler of an Indian IT industry to make a such coment...
Think twice before saying anything... it may cause damage to your clean and white collor Image.
Posted by:Sachin....
- 09 Jan, 2009
35:
We don't want to join a company like Infosys whose leader preaches blaming the associates.....I pity your associates...they have you for a leader Mr.Murthy
Posted by:Satyamite
- 09 Jan, 2009
36:
Thank you mr.Murthy so called father of indian IT industry.
It shows how far a person can go to earn business! Think once does your comment had done something damage to your image. Your role has changed mr. murthy we lost respect for you. So unfair and unkind statement for such a company which has done so many work for mother india and for its people by giving its supporting hand to people by its foundation.
One black spot can not ruin a white shirt,and if you see its ruined you need a doctor for your eye check..
All the best to all satyamites, you all know what is your aim now..work for your company and show the world that satyam is still shivam and sundram as it used to be.
I am a small invester of sataym holding only 50 shares,
You should know now you have to take out the meat from lion's jaw ...all the best, dnt worry prayers of all those family and people are there for whome you had worked physically and financelly ....
It shows how far a person can go to earn business! Think once does your comment had done something damage to your image. Your role has changed mr. murthy we lost respect for you. So unfair and unkind statement for such a company which has done so many work for mother india and for its people by giving its supporting hand to people by its foundation.
One black spot can not ruin a white shirt,and if you see its ruined you need a doctor for your eye check..
All the best to all satyamites, you all know what is your aim now..work for your company and show the world that satyam is still shivam and sundram as it used to be.
I am a small invester of sataym holding only 50 shares,
You should know now you have to take out the meat from lion's jaw ...all the best, dnt worry prayers of all those family and people are there for whome you had worked physically and financelly ....
Posted by:Baba
- 09 Jan, 2009
37:
both the company has common client and Murthy shown revenue in the last quater that too in finance and banking... just to the common people understanding... last quater finance and banking was down and even many project, company(banking,finance) was closed... do u think 30% revenue is wholeheartdly true... if one company loosing revenue with the same client then how come the other company will gain so much....just for your thought...
Posted by:jyothi
- 09 Jan, 2009
38:
Let me as an insider to Industry and Infosys give a perspective
1. The "No Hire" from Satyam is basically a "No Poach" or "No Encouraging an exodus". It is good for Satyam and also for large % of employees.
2. Remember, having all these folks on market only helps Captives and MNCs, who can hire and hoard. India Big 3 have severe demand issues right now, only getting more employees of no value.
3. There is no statement from Infy that if Satyam customer approaches Infy, we wont take the business.
Bottomline: Infosys rightly and prudently does not want Satyam to collapse in sudden implosion. Infy hopes that Satyam hold together long enough (employees stay with SATYAM) for SATYAM's customers to approach and organize a structured large chunk transfer to Infosys. Infy is betting that a large share will come to it since it has maitained the most clean image in the perception of customer market place.
So what Infosys in encouraging in the market place in India DO NOT POACH from SATYAM is best for its employees and customers ( and of course for INFY also)
1. The "No Hire" from Satyam is basically a "No Poach" or "No Encouraging an exodus". It is good for Satyam and also for large % of employees.
2. Remember, having all these folks on market only helps Captives and MNCs, who can hire and hoard. India Big 3 have severe demand issues right now, only getting more employees of no value.
3. There is no statement from Infy that if Satyam customer approaches Infy, we wont take the business.
Bottomline: Infosys rightly and prudently does not want Satyam to collapse in sudden implosion. Infy hopes that Satyam hold together long enough (employees stay with SATYAM) for SATYAM's customers to approach and organize a structured large chunk transfer to Infosys. Infy is betting that a large share will come to it since it has maitained the most clean image in the perception of customer market place.
So what Infosys in encouraging in the market place in India DO NOT POACH from SATYAM is best for its employees and customers ( and of course for INFY also)
Posted by:InfosysInsider
- 09 Jan, 2009
39:
Infosys is very ethical company and they have perfect score. Let us not divert the Satyam mistakes of wrong doing, if 53K employees are at risk it is because of MR.Raju bangaya Dirty man. Infy has no role to play. Infy is also pained by this mess as it has got negative marks on indian IT. Gartner is going to add more policy for selecting indian vendors.
Let us keep our discussions specific to Mohan ASS PAI who has said Infy will not hire Satyam employees. He is arrogant and needs some fix. Let us see if Cisco or other Key clients of Satyam asks Infy to take over Satyam people they will eat their own words. They should have just kept shut and hot hired or taken a decision as req by their needs, it was just not appropriate to put such STUPID STATEMENTS...
Also, the day is not too far off where Mindtree, CTS, iGATE, PATNI who will rule Indian IT. Infy will not reach 10 Billion with this kind of attitude.
Let us keep our discussions specific to Mohan ASS PAI who has said Infy will not hire Satyam employees. He is arrogant and needs some fix. Let us see if Cisco or other Key clients of Satyam asks Infy to take over Satyam people they will eat their own words. They should have just kept shut and hot hired or taken a decision as req by their needs, it was just not appropriate to put such STUPID STATEMENTS...
Also, the day is not too far off where Mindtree, CTS, iGATE, PATNI who will rule Indian IT. Infy will not reach 10 Billion with this kind of attitude.
Posted by:Kannadia
- 09 Jan, 2009
40:
Very pity on the founder to have such a mean attitude.He's not a great person as Mr.Raju to comment.
People like Mr.Narayana Murthy comment really when the people are in trouble or they have committed any mistakes.
WHY didn’t he comment at the time when Mr.Raju introduced 108 EMERGENCY-EMI through which he helped the society a lot and still continuing to do so.
WHY didn’t he comment when Mr.Raju has done good to the NATION? When somebody falls into trouble then everybody think that they could speak whatever they wish.Mr.Raju helped 53,000 employees and also many people other than the employees through his BYRRAJU foundation.This way of commenting on Mr.Raju and all the Satyam employees shows Mr.Murthy's very very mean attitude.
Satyam employees atleast have an attitude to support the company even when situation is not good, but Mr.Murthy does'nt even have a good attitude.So, can I tell that all
the Infosys employees have no attitude ? Which is very very unfair.Please think of what you are speaking Mr.Murthy because you are not a common man (a founder of
leading IT company ).WORDS ARE LIKE EGGS WHICH ONCE BROKEN CANNOT BE REGAINED.
Please remember this Mr.Murthy.
People like Mr.Narayana Murthy comment really when the people are in trouble or they have committed any mistakes.
WHY didn’t he comment at the time when Mr.Raju introduced 108 EMERGENCY-EMI through which he helped the society a lot and still continuing to do so.
WHY didn’t he comment when Mr.Raju has done good to the NATION? When somebody falls into trouble then everybody think that they could speak whatever they wish.Mr.Raju helped 53,000 employees and also many people other than the employees through his BYRRAJU foundation.This way of commenting on Mr.Raju and all the Satyam employees shows Mr.Murthy's very very mean attitude.
Satyam employees atleast have an attitude to support the company even when situation is not good, but Mr.Murthy does'nt even have a good attitude.So, can I tell that all
the Infosys employees have no attitude ? Which is very very unfair.Please think of what you are speaking Mr.Murthy because you are not a common man (a founder of
leading IT company ).WORDS ARE LIKE EGGS WHICH ONCE BROKEN CANNOT BE REGAINED.
Please remember this Mr.Murthy.
Posted by:Lavanya.P
- 09 Jan, 2009
41:
A very mature and well written article. I agree with the author. The fundamental question is - if Infy is trying to help Satyam retain its employees, will it help Satyam retain its business as well? Will it restrict its sales guys from 'poaching' or grabbing business from Satyam? The answer is certainly NOT. In which case this is a remark in bad taste and poor ethics certainly not expected from a leading company like Infy. They are playing a holier than thou image and trying to differentiate themselves but in this case are caught on the wrong side.Infy has taken people in the past from Satyam and if there are open requirements it is plain business sense to hire them. Who is Infy to dictate the employees of Satyam to stay at Satyam? I believe it is the fundamental right of an employee to seek a job offer of his choice. Put yourself in the shoes of the employee. Can someone live with the uncertainity that he/she may not get their salary for one or more months? Or think about the emotional aspects. Wouldnt the employees feel cheated by the company? Do you think they would have pride or respect for Satyam? If not how can we force them to stay there? If Mr. Murthy thinks that employees should stay, my question is what would inspire confidence in an employee that even if he/she stays things will be good? The trust factor is gone and we need to remember the bulk of the people earn 3-5 lacs p.a. They dont have big bank balances as the illustrious leaders of this industry.
Posted by:Vishal Rastogi
- 09 Jan, 2009
42:
I haven't seen hypocrite person like Narayana Murthy in Indian business world. I have couple of friends in Infosys and Infy is sending them onsite showing them 4 yr exp. person in domain but that person was just graduate 2 yrs. back. Murthy, where your ethics are residing when you billed client for 5 resources and only 3 are working for them? When employees ask these questions to higher
management, all are washing their hands by blaming on middle management. I think at that time Narayan Murthy's ethics are sleeping at home. He is not carrying those ethics at office.
management, all are washing their hands by blaming on middle management. I think at that time Narayan Murthy's ethics are sleeping at home. He is not carrying those ethics at office.
Posted by:Hate hypocrite
- 09 Jan, 2009
43:
With due respects to Mr Murthy and his intellectual thoughts and contributions to IT industry and all our careers - would like us all to recall what had passed when one of the senior leaders at Infy (Global Marketing Head) - was exposed on ethical/conduct a few years ago. Did this mean that all the Infy leadership and/or their employees were tainted?
I am sure better sense would prevail when we make these remarks in future. The might of Satyam is a Satyamite... Keep rocking guys!
I am sure better sense would prevail when we make these remarks in future. The might of Satyam is a Satyamite... Keep rocking guys!
Posted by:Sail
- 09 Jan, 2009
44:
Murthy is a true marketing person. The fact is none of the majors are currently hiring because of the softness in the market. As it is you are not hiring Mr. Murthy, thus by coming out with a statement like this is just a marketing gimmick. To show everyone that how good corporate citizens they are....instead a good corporate citizen should be thinking about those employees and their well being.
Posted by:Rajiv
- 09 Jan, 2009
45:
Setting the unlawful activities of the top management, the company Satyam has had a high reputation. It is now in turmoil and is wounded thoroughbred. If a company like Infosys were to swoop and grab great performers from Satyam, it like a vulture picking at an animal near death. If Satyam has any chances of surviving, other corporations in India should help it (not its tarnished former leaders). In stead of rushing their resumes to other companies, perhaps, the employees of Satyam should form a cooperative, approach the government regulators, and plan to takeover the ownership and management of the company.
Posted by:Som Karamchetty, PHD
- 09 Jan, 2009
46:
Dear Readers, I just dont see anything wrong in the stand taken by Infosys. It is the most ethical stand taken by any business of repute. We need to see the perspective before gunning down the thought that is behind it. As an industry leader it does not want to encourage POACHING, which is unfortunately a very bad culture blatantly practiced in India for professional/business reasons. By admitting that they will not hire Satyamites, i think Infosys sends a clear signal that it will stand tall to support an Indian organization in the same space. Having said that it never said that it will say no to what its Client wants to do, if a Satyam client approaches Infosys for services it will very well serve them coz its purpose of existence is to do business. In fact such things happen in normal course when a client is not satisfied with a particular vendor. If you see each of the comments through dark glasses your thoughts will be clouded. Infosys clearly stands tall and says that while it will honor an Industry Practice for the sake of a compatriot, it will equally honor business practice for the sake of its stake holders. Trust this helps....Sunil Kumar
Posted by:Sunil Kumar
- 09 Jan, 2009
47:
Narayana Murty (So called Father of IT industry in India) says “The most important first step is for the regulatory agencies of India to get to the bottom of this, to make a thorough investigation and take a swift and decisive action to bring the guilty to whatever punishment they deserveâ€..
………….“we have no such interest in looking at buying Satyam or anything like that. Absolutely no, we will not touch such a tainted companyâ€
All the so called Ethical leaders of Infosys are gunning for Raju and gunning for Satyam, in no statement Narayana has made a reference to the 50,000 employees of Sataym, majority of whom did not have a clue about this scam. Given the fact that Satyam and Infosys had common clients the only aim of Infosys is to ensure that Satyam does not recover so that they can grab all the clients.
Yes Narayana you are hailed at the Qzar of Indian IT , please consider the life of 50,000 employees (yes may be a thousand less than that, u do not have to be sarcastic about this…) and their direct dependents , in all the statements you are making the press you are worried about the IT image of India and India’s reputation as a outsourcing superpower, yes I agree nationalism is above all ( we do not have to learn nationalism from a person who did not want the National anthem to be played in Infy campus) but Consider the impact that will have on the life of 50,000 employees when making all NEGATIVE remarks on Satyam at this very crucial juncture. It is very Pathetic to see Infy leaders on TV even at 10.30PM Live from Mysore ….all set to blast Satyam…. We have seen better gentle men, who do not try to benefit at the expense of others.
Considering this Sataym event as 9/11 OR 26/11 of IT industry what is the difference between you and Anthuly , what is the difference between you and the politicians. …..Give them (Satyam) an opportunity to come back if you have any conscience.
Yes Raju had done wrong and he should be punished but this is not the first time in the world and this is not the first time in India. Let the law take its own course and if legally Satyam can recover let it recover , do not be in a haste to shutdown Satyam and grab the clients and yes finally play the National anthem (tune only)……..
You did not have a direct answer when a TV anchor asked you if Infosys is ready to publish all the details for the figures mentioned in your balance sheets, and yes most of the Finance analyst feel that if not 7000 crores the authorities will find find manipulation of at least a few hundred cores in the books…..any comments? Its easy to stand at a distance and clap sarcastically.
………….“we have no such interest in looking at buying Satyam or anything like that. Absolutely no, we will not touch such a tainted companyâ€
All the so called Ethical leaders of Infosys are gunning for Raju and gunning for Satyam, in no statement Narayana has made a reference to the 50,000 employees of Sataym, majority of whom did not have a clue about this scam. Given the fact that Satyam and Infosys had common clients the only aim of Infosys is to ensure that Satyam does not recover so that they can grab all the clients.
Yes Narayana you are hailed at the Qzar of Indian IT , please consider the life of 50,000 employees (yes may be a thousand less than that, u do not have to be sarcastic about this…) and their direct dependents , in all the statements you are making the press you are worried about the IT image of India and India’s reputation as a outsourcing superpower, yes I agree nationalism is above all ( we do not have to learn nationalism from a person who did not want the National anthem to be played in Infy campus) but Consider the impact that will have on the life of 50,000 employees when making all NEGATIVE remarks on Satyam at this very crucial juncture. It is very Pathetic to see Infy leaders on TV even at 10.30PM Live from Mysore ….all set to blast Satyam…. We have seen better gentle men, who do not try to benefit at the expense of others.
Considering this Sataym event as 9/11 OR 26/11 of IT industry what is the difference between you and Anthuly , what is the difference between you and the politicians. …..Give them (Satyam) an opportunity to come back if you have any conscience.
Yes Raju had done wrong and he should be punished but this is not the first time in the world and this is not the first time in India. Let the law take its own course and if legally Satyam can recover let it recover , do not be in a haste to shutdown Satyam and grab the clients and yes finally play the National anthem (tune only)……..
You did not have a direct answer when a TV anchor asked you if Infosys is ready to publish all the details for the figures mentioned in your balance sheets, and yes most of the Finance analyst feel that if not 7000 crores the authorities will find find manipulation of at least a few hundred cores in the books…..any comments? Its easy to stand at a distance and clap sarcastically.
Posted by:jyothi
- 09 Jan, 2009
48:
I refer to your comment "There are no emotions in business". What about ethics and social responsibility?
I support Infosys's decision. Now stability of Satyam is really important. I think Infosys is playing its part.
I support Infosys's decision. Now stability of Satyam is really important. I think Infosys is playing its part.
Posted by:Senthil
- 09 Jan, 2009
49:
Mr Murthy is out of his mind! He is such a jerk.. I hope he faces a similar situation and would realize what an idiot he was when he made such statements.
Hope bad luck surrounds him from today!
Satyam employees- you guys rock!
Hope bad luck surrounds him from today!
Satyam employees- you guys rock!
Posted by:xyz
- 09 Jan, 2009
50:
Infosys is making most of the situation.Infosys Jockers are still thinking like they are the only one ruling the IT world. today it is happend inside Satyam, who knows tomorrow it may happen inside Infosys it self .off-course no buddy knows what is inside Balance sheets of Infosys.
Posted by:Bizz_prabhu
- 09 Jan, 2009
51:
Such a childish,senseless & stupid comments.They do everything for money..they cant say no to satyam client :) :)they made this kind of cheap comments since money is god for them..at least in this tought time..keep the business aside..infy..try to be an indian..
Posted by:Rithesh
- 09 Jan, 2009
52:
Well if the statement is not to hire Satyam employees i agree the statement is not in true spirit and does more harm than good. But if the statement is not to poach Satyam employees then its a valid statement.
Posted by:Bhagyesh
- 09 Jan, 2009
53:
Infosys will not poach satyam clients the same way it will not poach satyam employees. this is a internal directive, showing infy is beign extremely fair....some of our reader's have read media coverage which has tried to sensationalise infy statements and make it look like they are trying to pull down satyam.
Posted by:infoscion
- 09 Jan, 2009
54:
HAHAHHAHAHAHAAAH....
INFY,,,,,,,,,,,,,,,, SHAME INFY.,..................
Mr Infosian,
Stop thinking that you are the ruler.
You cannot rule, you are not a KINGPIN of INdian IT.
These kind of IDIOTIC statement are not going to shake the bravery an dareness of satyamites.
We are and will continue to stand by our Organization "SATYAM".
You guys are no where in comparison to us.
You people think that now you can comment on us, you are wrong. Keep a hold on your views.
Many of your leader were Idealistic earlier now they are turning up to IDIOTIC.... have a control on your leaders and educate them not to be overconfident. not good for your company.
I do appeal here that now as the satyam balance sheets and finances are being analyzed, PLEASE AUTHORITIES PLEASE, Do REVIEW THESE FINANCIALS FOR ALL INDIAN IT COMPANIES at a TRANSPARENT LEVEL.
Then we will see what kind of comparisons can be made.
INFY,,,,,,,,,,,,,,,, SHAME INFY.,..................
Mr Infosian,
Stop thinking that you are the ruler.
You cannot rule, you are not a KINGPIN of INdian IT.
These kind of IDIOTIC statement are not going to shake the bravery an dareness of satyamites.
We are and will continue to stand by our Organization "SATYAM".
You guys are no where in comparison to us.
You people think that now you can comment on us, you are wrong. Keep a hold on your views.
Many of your leader were Idealistic earlier now they are turning up to IDIOTIC.... have a control on your leaders and educate them not to be overconfident. not good for your company.
I do appeal here that now as the satyam balance sheets and finances are being analyzed, PLEASE AUTHORITIES PLEASE, Do REVIEW THESE FINANCIALS FOR ALL INDIAN IT COMPANIES at a TRANSPARENT LEVEL.
Then we will see what kind of comparisons can be made.
Posted by:manish pawar
- 09 Jan, 2009
55:
Infosys by and large is still a very ethical company.Poaching Satayams employees may seem to make "good" business sense to the uninformed but it is not so.
1) At this crucial juncture for Satyam the last nail in the coffin will be its employees jumping ship.Infosys is trying to curb that tendency by declaring that it will not hire.This is to prevent mass exodus.This is more than business sense.Its called common sense
2) Infosys itself is under pressure and has already frozen new hires for this fiscal year so absorbing more people may not be feasible
3) If you are worried about the 50k people then also worry about what will happen to the market ( freshers) if these 50k are out on the streets looking for jobs.The 300k graduates that flood the market every year cannot compete with them at all.
It is in all of our interests to ensure that this blow does not lead to a collapse of the entire sector.The ideas like going for Satyams clients are inherently short sighted and detrimental to say the least.
1) At this crucial juncture for Satyam the last nail in the coffin will be its employees jumping ship.Infosys is trying to curb that tendency by declaring that it will not hire.This is to prevent mass exodus.This is more than business sense.Its called common sense
2) Infosys itself is under pressure and has already frozen new hires for this fiscal year so absorbing more people may not be feasible
3) If you are worried about the 50k people then also worry about what will happen to the market ( freshers) if these 50k are out on the streets looking for jobs.The 300k graduates that flood the market every year cannot compete with them at all.
It is in all of our interests to ensure that this blow does not lead to a collapse of the entire sector.The ideas like going for Satyams clients are inherently short sighted and detrimental to say the least.
Posted by:Samrat
- 09 Jan, 2009
56:
One should learn from Infosys on how to do marketing without spending a penny. Any crisis happened for the country, for other companies or city of Bangalore, Mr. Narayana Murthy is the first one to comment. He has opinions on everything. He better know that all of us have opinions too. But the difference is we know when to talk and when not to talk.
Posted by:Mahantesh
- 09 Jan, 2009
57:
Those who are culprit they are try to committing suicide(CFO of Satyam)& Other Govt.Bodies will take care of them, But in the whole Scenario only Employee are suffering.
Its just proving a phrase "son of thief is also a thief".
from Mr.Murthy view he is correct(as a role Model),but values & moral can't run family's of 50,000k Staymites.
Its just proving a phrase "son of thief is also a thief".
from Mr.Murthy view he is correct(as a role Model),but values & moral can't run family's of 50,000k Staymites.
Posted by:varish
- 09 Jan, 2009
58:
The way Infosys is going after Satyam after its fall means that Infosys has something to hide. Will the Govt and SEBi investigate and audit accounts of Infosys Don't know how many skeletons are there in their cupboard
Posted by:Deepak manepalli
- 09 Jan, 2009
59:
Infosys gave a very unfortunate comment 'We won't hire anybody from Satyam'. They forget that they are also Indian. They should give a moral look in this matter.
Posted by:Rituraj Bordoloi
- 09 Jan, 2009
60:
Pradeep, You are talking like a wall street guy. Ideally the purpose of business should be welfare of the society, and if Infosys is trying to do something (if not everything), it should be appreciated. Offcourse Satyam will face lot of challenges, but if it can come out of it, it will be better for India and its clients worldwide.
Posted by:DNG
- 09 Jan, 2009
61:
The inclusion of any employees is purely based on skill and not on the where he/she is employed before. so ofcourse, no company can say that. and HRs should refrain from any such practice.
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